Publication Date:
21
January
2014

DOI: http://dx.doi.org/10.5089/9781484379752.001

ISBN: 9781484379752

This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Sp...

Author(s):
Mahir Binici
,
Michael Hutchison
, and
Martin Schindler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
September
2009

DOI: http://dx.doi.org/10.5089/9781451873559.001

ISBN: 9781451873559

How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-20...

ISBN: 9781451870565

This paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodol...

Author(s):
Yong Sarah Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
January
2008

DOI: http://dx.doi.org/10.5089/9781451868746.001

ISBN: 9781451868746

This paper uses a general equilibrium model to examine the central role played by commercial banks in intermediating and amplifying the capital flow shocks to the local economy in the 1997 Asia financial crisis. It...

We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capit...

DOI: http://dx.doi.org/10.5089/9781451841930.001

ISBN: 9781451841930

This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital acco...

Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher than would be suggested by official balance of payments statistics. This paper identifies the de...

DOI: http://dx.doi.org/10.5089/9781451859119.001

ISBN: 9781451859119

We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial open...

Publication Date:
01
November
2001

DOI: http://dx.doi.org/10.5089/9781451859515.001

ISBN: 9781451859515

This paper extends the Dornbusch model of overshooting exchange rates to discuss both exchange rate and output effects of capital controls that involve additional costs for international asset transactions. We show...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
17
May
2000

DOI: http://dx.doi.org/10.5089/9781557758743.084

ISBN: 9781557758743

This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the is...